# British Pound Forecast: Starmer Leadership Risks Could Drag GBP/USD To 1.30 – Credit Agricole

> Credit Agricole forecasts GBP/USD falling to 1.32 by end-Q2 and 1.30 in Q3, citing UK political risk after heavy Labour losses in May local elections. Leadership speculation around PM Keir Starmer is intensifying, and the bank expects fading expectations of Bank of England hikes to weigh on sterling. GBP/USD was trading near 1.3456.

- Date: 2026-06-01 · published 2026-06-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/19522-british-pound-forecast-starmer-leadership-risks-could-drag-gbp-usd-to-1-30
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is a sterling forecast driven by domestic UK politics and rate expectations, with no direct effect on feed commodity fundamentals. Any read-through to feed prices would be minor and currency-related.

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/46074/2026-05-30-british-pound-forecast-starmer-leadership-risks-could-drag-gbp-usd-to-1-30-credit-agricole.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.